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Fortune
Fortune
Eleanor Pringle

Billionaire investor Stanley Druckenmiller is taking ‘massive leveraged positions’ on safer assets than stocks after getting ‘really nervous’ about the economy

Stanley "Stan" Druckenmiller, chairman and chief investment officer of Duquesne Family Office (Credit: Scott Eells/Bloomberg - Getty Images)

If you want to hear some optimism about the current—or future—state of the stock market, don't ask legendary investor Stan Druckenmiller.

The man worth nearly $10 billion can find little to get "excited" about when looking at Wall Street, he told a conference last week, while pouring cold water on the belief that markets will always improve over time.

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